u/wander_soul_xx

As many are aware, Bank of America and Chase run promo on Rakuten to get cash back to open their credit cards:

- BoA Travel Rewards Credit Card: normal $125, elevated $275-300

- Chase Freedom Unlimited: normal $25, elevated $75 for new Chase users

I saw the elevated offer when I had my payout as Bilt/Paypal but once I switch to Amex points as the pay out method, the Rakuten website said no cashback available. I can understand this as they are competing banks.

My advice: set your cash back to PayPal/Bilt/Check, once your cash back is confirmed for the BoA or Chase offers, you can switch back to Amex MR points a few days before pay out date to get paid in MR points

https://preview.redd.it/o4fjyjq6ki2h1.png?width=2366&format=png&auto=webp&s=0a9f9994b5664478fd04ee3f58000aafe258660c

FYI: I recently got the CSR and under "Manage digital wallets", Paze tells me that you have no eligible cards. I was on the phone with technical support team for a hour and they told me that for new card members, it'll take 14 days since account open date for Chase/Paze to send you an email telling you that your cards is eligible. So don't worry if your Chase app is telling you that you have no eligible cards, simply wait 14 days. They also told me that many people are experiencing this and they've escalated the issue.

I told them I have multiple cards and the technical agent straight up gaslit me that we only activate Paze for new cards. I told her that when I go to card benefits, it literally showed 10x Paze as a benefit. BS.

Edit: I have many other Freedom/Sapphire cards and Paze still showing no eligible cards.

I'm a quite an interesting situation here and I would love to receive everyone's input on how to best navigate my credit profile. My current FICO score: Equifax 742, Experian: 746.

I recently applied for a premium credit card and I was rejected twice because of "Lack of installment account information". I have never taken out a loan in my life so I have no active installment loan on my credit report. I have 5 credit cards with total credit limit of 31,000: 2 with Amex, 3 with Chase including more premium ones like Amex Gold and Chase Sapphire Reserve. Oldest account is 1 year 7 month and AAoA is 9 month. Thus in terms of credit mix, I only have revolving and open credit cards accounts. No late payment, always paid statment balance in full. Ultization 1-2% using the All Zero Except One method.

I'm aware that adding another installment loan will reduce the AAoA a bit but since I have 5 other credit cards account, it'll soften the blow. Also I don't want another hard inquiry on my credit report. I thought of an option to take out a small loan, wait for 1 month after the loan is reported, immediately paid it off. Then for the FICO model, the "closed" loan account will still stay there for 10 years. From lurking this subreddit, I became aware of a few options to add a installment loan into my account without hard inquiry.

- Open a Self Installment loan account: $25 a month plan. They will report a $25 installment loan to all 3 credit bureau.

- Navy Federal Pledge loan: Deposit certain amount, paid off 90%, then set autopay for $10/month. However, I'm not affliated and according to the website, if you don't have family in military, you can't do it.

Thus, I'm looking for advice how to add a installment loan into my account without hard inquires + mimimum payment every month for a long time like 5-10 buck a month to help build my credit profile (for example, i'm based in NYC, what's a good credit union for a saving secured loan). Thank you so much!

Hi everyone, i recently opened 2 cards and need to hit SUB for both simultaneously within 3 months. Since paying rent does not count toward of Bilt Palladium SUB, I was wondering if I link my new Chase card with Bilt platform, use that to pay rent, even though it will incur 3% fee. Will that rent payment through Bilt platform count towards my Chase credit card SUB? Has anyone used this strategy to hit SUB on other credit cards? Thank yoh so much!